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[27 Feb 2011 | 10 Comments | 8,253 views]
Mortgage Bankers ask for HARP extension

The Home Affordable Refinance Program (HARP) is set to expire at the end of June and the national Mortgage Bankers Association has asked the Federal Housing Finance Agency (FHFA) to extend it until the end of 2012.
What is HARP? Simply put, it allows home owners who are current on their mortgages – but worried about falling behind on them – to refinance their loans and bring down their house payments. HARP is not to be confused with the Home Affordable Modification Program (HAMP), which is designed for home owners who …